The Korea Herald

Chipmakers rally on recovery hopes, foreign buying: analysts

IndustryNov 17, 2020

Share prices in South Korean chipmakers are expected to rise further as investors bet on a recovery in the memory chip market next year, analysts here said Tuesday. South Korea's two largest chipmak...
Samsung Heavy wins W195b order from Oceania

IndustryNov 17, 2020

Samsung Heavy Industries Co. said Tuesday that it has signed a 195 billion-won order ($176 million) to build three oil tankers from Oceania. The S-Max oil tankers will be delivered by January 2023, ...
Samsung Biologics inks COVID-19 drug manufacturing deal with Eli Lilly

IndustryNov 17, 2020

South Korean pharmaceutical firm Samsung Biologics Co. said Tuesday it has signed a long-term agreement with US pharmaceutical firm Eli Lilly and Company to manufacture a novel coronavirus-neutralizi...
Amazon taps into Korea by investing in 11st

RetailNov 16, 2020

11st said it has been offering stable service for more than 12 years in South Korea and is offering differentiated products from its cooperation with SKT. “We are glad to see the fruit of our work f...
Samsung's R&D spending continues to rise in Q3; employment at record high

IndustryNov 16, 2020

Samsung Electronics Co. said Monday its research and development (R&D) spending for the first nine months of the year hit a record high of 15.89 trillion won ($14.3 billion) amid the novel coronaviru...
[News Focus] Korean Air’s acquisition of Asiana to create global top 10 airline

TransportNov 16, 2020

South Korea’s No. 1 carrier decides to acquire debt-ridden No. 2 after previous buyers’ deals fall through
Daewoo Shipbuilding's Q3 loss narrows on strong operating profit

IndustryNov 16, 2020

South Korea's Daewoo Shipbuilding & Marine Engineering Co. said Monday that its net losses narrowed in the third quarter from a year earlier on the back of its strong operating profit. Net losses sh...
S-Oil recognized by Dow Jones Sustainability Indices for 11 consecutive years

IndustryNov 16, 2020

S-Oil said Monday it has made the Dow Jones Sustainability Indices World, the list of world’s most sustainable companies, this year. According to the South Korean refinery, it has been included in t...
[Advertorial] LG Chem bolsters CSR activities under new slogan, ‘Green Connector’

IndustryNov 16, 2020

LG Chem recently announced its new corporate social responsibility slogan, “Green Connector,” in response to global climate change and is focusing its efforts on four major fields: ecology, education...
LG Electronics’ OLED TV production in full throttle in Mexico ahead of holidays

IndustryNov 16, 2020

LG Electronics said Monday it has ramped up the production of its organic light-emitting diode TVs in Mexico by more than 30 percent to respond to a surge in demand anticipated for the upcoming holid...
LG Group to split off non-electronics affiliates

IndustryNov 16, 2020

Uncle Koo Bon-joon to create his own business by taking over multiple LG affiliates
Korean firms likely to benefit from RCEP trade deal

IndustryNov 16, 2020

Korean corporations anticipated to enjoy tariff reductions and better rights protections
Samsung launches new monitor highlighting enhanced usability, connectivity

IndustryNov 16, 2020

Samsung Electronics Co. on Monday launched a new monitor highlighting enhanced usability and connectivity amid the pandemic-driven stay-at-home trend. Samsung said its Smart Monitor is a "do-it-all ...
Samsung’s global dishwasher sales cross 1 million mark

IndustryNov 16, 2020

Samsung Electronics sold more than 1 million dishwashers globally this year, the company said Monday. The record stands in accumulated figure as of the second week of November. Samsung credited the ...
Cinema chains, distributors remain in red in Q3, but have likely bottomed out

IndustryNov 16, 2020

South Korean movie theaters and film distributors again struggled with operating losses in the third quarter due to the protracted novel coronavirus pandemic, but their deficit contracted from three ...